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Bullish Moving Average Cross by NRG Energy (NRG)

By David Diaz

Today, shares of NRG Energy (NYSE:NRG) have advanced above their 10-day MA of $10.57 on a volume of 2.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, NRG Energy has traded in a range of $8.80 to $26.78 and is now at $11.08, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of NRG Energy on August 9th, 2016 by issuing a Downtrend alert when the shares were trading at $13.29. Since that call, shares of NRG Energy have fallen 23.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses NRG Energy

Ticker(s): NRG